Citi weighs shutting municipal-bond trading business

© Reuters. FILE PHOTO: The logo for Citibank is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo - Citigroup Chief Executive Officer Jane Fraser is weighing whether to shutter the bank's municipal-bond trading and origination business, Bloomberg News reported on Friday.

Citi's senior executives in favor of closing it down have presented the proposal to Fraser in response to her push to bring the firm's profitability in line with its competitors, the report said, citing people familiar with the matter.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

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Citi upgrades U.S. stocks on stable interest rates, year-end seasonalsStocks could benefit from a more stable interest rate picture and seasonality in the last months of 2023, the firm says.
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